European markets close higher
European stocks closed higher Friday afternoon, following a mixed morning session as investors assessed the latest euro zone inflation data.
The pan-European Stoxx 600 index provisionally closed up 0.58%, with almost all sectors and major bourses in the green. Tech stocks led gains, adding 1.81%, as and telecoms fell 0.19%.
The FTSE 100 ended the day up 0.07% at 8,287 points, the CAC added 0.78% to 7,235 and the DAX rose 1.04% to 19,628. Italy’s FTSE MIB also added 0.46% to 33,414.
— Karen Gilchrist
Bank of England warns mortgages could rise amid tariff uncertainty
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The Bank of England warned on Friday that around half of U.K. mortgage holders could face higher rates over the coming years, if trade tariffs create further market uncertainty.
In its latest financial stability report, the Bank said that 4.4 million homes were likely to refinance at higher rates over the next three years, while around a quarter could benefit from lower rates, based on current market pricing.
The report did not mention U.S. President-elect Donald Trump, who has vowed to impose tariffs, but it noted that trade barriers would lead to uncertainty around inflation and boost market volatility.
It comes as fresh data also released by the central bank Friday showed U.K. mortgage approvals rose in October.
— Karen Gilchrist
U.S. markets higher in shorter trading session
U.S. stocks were higher Friday morning, as markets reopened for a…
